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The ratio of Bitcoin speculation to trade is very high; it's less a currency than a peer-to-peer gambling system, the economic equivalent of a penny stock that
by vannevar 16y ago
The ratio of Bitcoin speculation to trade is very high; it's less a currency than a peer-to-peer gambling system, the economic equivalent of a penny stock that is being repeatedly pumped and dumped. If you're a merchant, you certainly don't want to be holding Bitcoins. Leave them to the gamblers.